Funding you earn now, next payment 06:00 UTC+0.3009%/8h= +329.5% APRpaid last 24h +0.456%
Price spread now: Kraken Futures against MEXC+0.241%7-day average +0.170% · you sell dearer than you buy
Net, funding: paid 7d − costs+$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$990.992% of the position
Funding, last 7 days+1.414%+$141 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.241%, 7d avg +0.170%
=Both sides work for this trade now. Funding pays +$90 a day on $10k at the current rate, and Kraken Futures is 0.071% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.170%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.414% in total (about 73.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ZEN_USDT | 7.6090 | 0.0100 | pay 0.0100% / 8h | 2h 46m | $11.5M | $4.9M | 200x |
| Short | Kraken Futures PF_ZENUSD | 7.6273 | 0.3109 | get 0.0389% / 1h | 46m 15s | $492K | $1.0M | 25x |
MEXC ZEN_USDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $631.99
- Price spread: +0.241% → +0.170%
- $7.11
- Slippage, 4 orders
- −$85.24
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $539.87
- Costs to cover
- 0.992%
- Break-even
- 1.0 days
Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 2 min ago | 1.97 bp | 7.8 bp −$8 | 19.3 bp −$193 | 90.1 bp −$9,007 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 28.71 bp | 41.4 bp −$41 | 124.3 bp −$1,243 | doesn't fit | doesn't fit |
ZEN on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZEN-USD | 0.0000% | 1h | 7.6158 | +0.090% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0058% | 8h | 7.6100 | +0.013% | $4.0M | $4.2M | 50x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0066% | 4h | 7.6080 | −0.013% | $2.2M | $5.2M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.6218 | +0.168% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6140 | +0.066% | $43K | $387K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6092 | +0.003% | $10.9M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6050 | −0.053% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDTlong | +0.0100% | 8h | 7.6090 | long leg | $11.5M | $4.9M | 200x | |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6030 | −0.079% | $2.8M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6090 | 0.000% | — | $3.1M | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
OKX ZEN-USDT-SWAP
Hyperliquid ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | +0.0100% | 8h | 7.6477 | +0.508% | $55K | $89K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6507 | +0.548% | $575K | $2.3M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6490 | +0.526% | $26K | $679K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6120 | +0.039% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6074 | −0.022% | $22K | $134K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6170 | +0.105% | $819K | $1.6M | 75x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.3109% | 1h | 7.6273 | +0.241% | $492K | $1.0M | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT